Pakistan's General Tire profiled

ERJ staff report (DS)

Karachi, Pakistan -- A report from the Karachi Stock Exchange profiles developments at General Tire and Rubber Co of Pakistan Ltd. Also known as GentiPak, the company recored sales of Rs 6355 million (euro 50.7 million) in 2010.

The report says Gentipak has recently introduced tyres which meet European standards and is selling them under the Euro brand.

it adds that the company's production of the tyres in 2010 was less than the previous year. The production was 3000 units per day as compared to 5000 units normally due to salary incremental demands from the employees, which were not entertained by the administration and ultimately the workers went on strike.

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Information piece from Karachi Stock Exchange